Griffis Foundation Inc
Griffis Foundation's assets have halved over a decade due to consistent deficit spending.
EIN: 135678764 · Lyme, CT · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $68K |
| Total Expenses | $56K |
| Program Spending | 80% |
| Net Assets | $1.2M |
| Transparency Score | 60/100 |
Search Intent Cockpit
Griffis Foundation Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Griffis Foundation Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Griffis Foundation Inc in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $53K and expenses of $56K.
Revenue and Expenses
Griffis Foundation Inc reported $53K in revenue and $56K in expenses, a deficit of $3K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
60/100 mission score, 3 red flags, and 3 strengths are shown from structured and AI review.
Is Griffis Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $45K (80%) |
Across stored filings, Griffis Foundation Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 3 red flags identified |
| Mission spend | 80% to programs | Excellent |
| Financial durability | Grade B | 10 stored filing years |
| Peer context | Compare with Teen Center Of Wilton Inc | Connecticut and category context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
Compare against real state and category peers.
Compare with Teen Center Of Wilton Inc →All Connecticut nonprofits
Local and Sector Spokes
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Lyme, CT nonprofitsFollow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
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Keep the Investigation Moving
Griffis Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Griffis Foundation Inc
Griffis Foundation Inc (EIN: 135678764) is a nonprofit organization based in Lyme, CT. The organization reported total revenue of $68K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Griffis Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Griffis Foundation Inc is a micro nonprofit that has been operating for 82 years, with 10 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $53K |
| Total Expenses | $56K |
| Surplus / Deficit | $-3,291 |
| Total Assets | $1.2M |
| Total Liabilities | $1 |
| Net Assets | $1.2M |
| Operating Margin | -6.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 265.3 months |
Financial Health Grade: B
In 2023, Griffis Foundation Inc reported a deficit of $3K with expenses exceeding revenue, holds 265.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.5% | -88.4% | -0.3% |
| 2022 | -42.5% | +218.4% | -25.4% |
| 2021 | +197.5% | +19.7% | -0.5% |
| 2020 | -43.9% | +18.9% | -5.2% |
| 2019 | +38.5% | -4.0% | -24.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1944 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Griffis Foundation Inc with a Mission Score of 60 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Griffis Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through other means not categorized as officer compensation, which is a positive for resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Griffis Foundation Inc's IRS 990 filings:
- Consistent deficit spending, with expenses frequently exceeding revenue (e.g., 2023, 2022, 2021, 2020, 2019, 2015, 2014, 2012, 2011).
- Significant decline in total assets over the past decade, from $2,499,619 in 2011 to $1,231,198 currently.
- Unusually high expenses in 2022 ($483,763) compared to its typical operating budget and revenue, without clear explanation in the summary data.
Strengths
The following positive indicators were identified for Griffis Foundation Inc:
- Consistent filing of IRS 990 forms, indicating good transparency in reporting.
- Zero officer compensation reported across all available filings, suggesting lean executive overhead.
- Extremely low liabilities ($1 consistently reported), indicating a strong balance sheet in terms of debt.
Frequently Asked Questions about Griffis Foundation Inc
Is Griffis Foundation Inc a legitimate charity?
Griffis Foundation Inc (EIN: 135678764) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 60/100. It has 10 years of IRS 990 filings on record. Total revenue: $68K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Griffis Foundation Inc spend its money?
Griffis Foundation Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Griffis Foundation Inc tax-deductible?
Griffis Foundation Inc is registered as a tax-exempt nonprofit (EIN: 135678764). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Griffis Foundation Inc's spending goes to programs?
Griffis Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Griffis Foundation Inc located?
Griffis Foundation Inc is headquartered in Lyme, Connecticut and files with the IRS under EIN 135678764.
How many years of IRS 990 filings does Griffis Foundation Inc have?
Griffis Foundation Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $68K in total revenue.
What is the specific purpose of the Griffis Foundation Inc. and its grant-making strategy?
The provided data does not detail the foundation's specific mission or grant-making strategy, which is crucial for understanding its expenditures and asset drawdown.
Why have the organization's assets declined by over 50% in the last decade?
The consistent pattern of expenses exceeding revenue, as seen in multiple years (e.g., 2022 expenses of $483,763 against revenue of $60,406), suggests the foundation is spending down its principal, leading to the significant asset decline from $2.5 million in 2011 to $1.2 million currently.
What caused the exceptionally high expenses in 2022 ($483,763) compared to other years?
The data does not specify the nature of these expenses. This significant spike in expenditures in 2022, far exceeding typical annual expenses, warrants further investigation into the 990 filing for that period to understand the allocation of these funds.
Filing History
IRS 990 filing history for Griffis Foundation Inc showing financial trends over 10 years of public records:
Total assets decreased by 50.4% over the same period, from $2.5M to $1.2M. Total functional expenses fell by 49.2%, from $111K to $56K. In its most recent filing year (2023), Griffis Foundation Inc reported a deficit of $3K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $53K | $56K | $1.2M | $1 | — | — |
| 2022 | $60K | $484K | $1.2M | $1 | — | View 990 |
| 2021 | $105K | $152K | $1.7M | $1 | — | View 990 |
| 2020 | $35K | $127K | $1.7M | $1 | — | — |
| 2019 | $63K | $107K | $1.8M | $1 | — | View 990 |
| 2015 | $46K | $111K | $2.3M | $1 | — | View 990 |
| 2014 | $40K | $100K | $2.5M | $1 | — | View 990 |
| 2013 | $278K | $99K | $2.5M | $1 | — | View 990 |
| 2012 | $-49,005 | $111K | $2.3M | $1 | — | View 990 |
| 2011 | $-59,919 | $111K | $2.5M | $58 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $53K, expenses of $56K, and assets of $1.2M (revenue -12.5% year-over-year).
- 2022: Revenue of $60K, expenses of $484K, and assets of $1.2M (revenue -42.5% year-over-year).
- 2021: Revenue of $105K, expenses of $152K, and assets of $1.7M (revenue +197.5% year-over-year).
- 2020: Revenue of $35K, expenses of $127K, and assets of $1.7M (revenue -43.9% year-over-year).
- 2019: Revenue of $63K, expenses of $107K, and assets of $1.8M (revenue +38.5% year-over-year).
- 2015: Revenue of $46K, expenses of $111K, and assets of $2.3M (revenue +15.0% year-over-year).
- 2014: Revenue of $40K, expenses of $100K, and assets of $2.5M (revenue -85.8% year-over-year).
- 2013: Revenue of $278K, expenses of $99K, and assets of $2.5M.
- 2012: Revenue of $-49,005, expenses of $111K, and assets of $2.3M.
- 2011: Revenue of $-59,919, expenses of $111K, and assets of $2.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Griffis Foundation Inc:
Data Sources and Methodology
This transparency report for Griffis Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.